Goldman Sachs Group Inc may enter talks to settle U.S. Securities and Exchange Commission fraud charges as soon as today, Fox Business Network's Charlie Gasparino reported.
Big banks should be charged a fee to pay for bailouts as it will make them less prone to reckless lending, U.S. Treasury Secretary Timothy Geithner told lawmakers on Tuesday as he sought support for the proposal.
The head of the U.S. Department of Justice's Criminal Division said the U.S. Securities and Exchange Commission will no longer delay civil enforcement actions so prosecutors can pursue related criminal cases.
Swiss bank UBS' top managers reported a sea change in client confidence that should stem outflows of client cash by the end of this year.
Treasury Secretary Timothy Geithner on Tuesday urged lawmakers to support a proposal to charge big banks a fee to pay for bailouts and said it will make them less likely to engage in reckless lending.
U.S. tax authorities are investigating about 4,500 potential big-money tax cheats using tips from whistleblowers, a government official said on Tuesday.
Investors dumped U.S. stocks on Tuesday as fears grew that the financial rescue package for Greece might not be enough to prevent a sovereign debt crisis from spreading to other weak euro zone countries.
A flotilla of nearly 200 boats tackled a massive oil slick in the Gulf of Mexico on Tuesday, taking advantage of calmer weather to intensify the fight to reduce the spill and limit its impact on the U.S. shoreline.
The U.S. Senate will cast its first votes on Tuesday on a sweeping Wall Street reform bill, with passage of a handful of uncontroversial amendments expected and a key procedural question still unsettled.
New orders received by U.S. factories jumped unexpectedly in March as businesses rebuilt inventories, pointing to continued strength in manufacturing, a government report released on Tuesday showed.
Greece has signed up to a package of austerity measures designed to cut its deficit by 11 percentage points between 2009 and 2014, an aim that will deepen the recession and could spark a social backlash. The measures agreed this weekend with the EU and IMF include more tax hikes and steeper cuts in wages and bonuses, in return for a record 110 billion euro ($146.5 billion) bailout. [ID:nLDE64107I] According to the aid plan, Greece will have to save an extra 30 billion euros on top of tough measu...
China's steel mills, which depend on iron ore imports from India and Australia, will face major problems in the coming days as India and Australia have hiked export duty on the commodity. Last week, India raised the export tax on iron ore lump variety to 10 percent from 5 percent, and levied a 5 percent tax on iron ore fines. Currently, the average price of Indian ore with 63.5 percent iron content quoted at around $80 per tonne. China's mills depends heavily on iron ore imports from India.
A renewed selling frenzy gripped euro zone financial markets on Tuesday as concern mounted that a record EU/IMF bailout for Greece would not stop a debt crisis spreading in the single currency area.
MasterCard Inc , the world's second-largest credit card network, said first-quarter profit increased 24 percent, beating analyst expectations and confirming that consumers are spending once again.
Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand.
Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand.
Pending sales of previously owned U.S. homes rose more than expected to a five-month high in March as buyers rushed to sign contracts before a popular tax credit expired, a survey showed on Tuesday.
Pending sales of previously owned U.S. homes rose more than expected to a five-month high in March as buyers rushed to sign contracts before a popular tax credit expired, a survey showed on Tuesday.
U.S. stocks were set for a sharply lower open on Tuesday as Greece's debt problems continued to rattle investors and after a broad rally in the previous session that took the S&P 500 to its biggest day in two months.
BP Plc struggled to stop oil gushing unchecked from a ruptured undersea well in the Gulf of Mexico on Tuesday and calmer weather raised hopes of reducing the massive oil slick and limiting its impact on the U.S. shoreline.
Don't despair! The doom and gloom in the world does not mean businesses are not hiring. It does however mean that competition for the job you are searching for is even more competitive than ever. So how do you get a step ahead of your competition?
U.S. stock index futures sank on Tuesday on continued worries over Greece's financial state and after a broad rally in the previous session that took the S&P 500 to its biggest day in two months.
Striking public workers challenged the Greek government's bailout-for-austerity deal with the EU and IMF on Tuesday as investors fretted about Athens' ability to push through ambitious budget cuts.
International Cotton Advisory Committee said global cotton production in the coming season will leap 13% in reaction to surging prices triggered by rebounding demand and dwindling supplies. In a statement, ICAC said world cotton crop in the year from August 2010 through July 2011 is expected to climb to 114 million bales from 112 million the previous season. Cotton prices were high compared to alternative crops during the timeframe when cotton farmers make decisions on which crops to plant.
India's public oil utilities have owned a Russian oil company apart from acquiring strategic equity stakes in an oil field project in Venezuela through consortium route, Minister of State for Petroleum and Natural Gas Jitin Prasada.
Russia's Energy ministry said country's oil and gas production saw a favorable increase year-on-year in the first four months this year. In a report, the ministry said, From January to April, the country's oil output reached 165.3 million tons, which was a 3.1-percent growth over the same period of last year; while the gas production soared 20.4 percent year-on-year to 237.9 billion cubic meters.
Russia's northern Siberian province of Yamalo-Nenets Autonomous Area is in talks with China to form joint energy projects. The Autonomous region, rich for its gas and oil reserves, accounts for more than 90% of Russia's natural gas output and 12% of oil production.
The wheat procurement by the state run Food Corporation of India (FCI) registered a slight dip due to the lower supplies in the major growing states of the country. FCI, the nodal agency for the purchase and supply of wheat and rice on the behalf of the government, wheat purchase fell marginally to 19.94 million metric tons during April 1 to May 2 period as against the 20.06 million tons a year earlier, said an official, who declined to be named.
With bullion analysts predicting a rise in gold prices following the European crisis and the Chinese crackdown on realty, scrap gold sales are set to shoot up. Scarp gold sales are normally up at a time when the gold prices go up as several people rush in to book profits. In April, India witnessed a surge in sales of old gold jewellery after remaining more or less tepid since the beginning of the new year. A consumer who wishes to sell old jewellery to a scrap trader is a contributor to recycled...
U.S. stock index futures fell on Tuesday after a broad rally in the previous that took the S&P 500 to its best day in two months as investors fretted over whether Greece could make deep spending cuts.
